Duluth Ranch, Inc. purchased a machine on January 1, 2018. The cost of the machine was $23,000. Its estimated residual value was $7,000 at the end of an estimated 5-year life. The company expects to produce a total of 20,000 units. The company produced 900 units in 2018 and 1,350 units in 2019. Required: a. Calculate depreciation expense for 2018 and 2019 using the straight-line method. b. Calculate the depreciation expense for 2018 and 2019 using the units of production method. c. Calculate depreciation expense for 2018 through 2022 using the double-declining balance method. Complete this question by entering your answers in the tabs below. Pogored Required Required Calculate depreciation expense for 2016 and 2019 using the straight-line method 2013 2019 Dewcation Expono Per Your Duluth Ranch, Inc. purchased a machine on January 1, 2018. The cost of the machine was $23,000. Its estimated residual value was $7.000 at the end of an estimated 5-year life. The company expects to produce a total of 20,000 units. The company produced 900 units in 2018 and 1,350 units in 2019. Required: 0. Calculate depreciation expense for 2018 and 2019 using the straight-line method b. Calculate the depreciation expense for 2018 and 2019 using the units-of-production method. c. Calculate depreciation expense for 2018 through 2022 using the double declining balance method. Complete this question by entering your answers in the tabs below. Required Required B Required Calculate the depreciation expense for 2018 and 2019 using the units-of-production method. (Do not round your intermediate calculations. Round your final answer to the nearest whole dollar) 2018 7019 Depreciation Expense Duluth Ranch, Inc. purchased a machine on January 1, 2018. The cost of the machine was $23,000. Its estimated residual value $7.000 at the end of an estimated 5-year life. The company expects to produce a total of 20,000 units. The company produced units in 2018 and 1,350 units in 2019. Required: a. Calculate depreciation expense for 2018 and 2019 using the straight-line method b. Calculate the depreciation expense for 2018 and 2019 using the units-of-production method c. Calculate depreciation expense for 2018 through 2022 using the double-declining balance method. Complete this question by entering your answers in the tabs below. Required A Required B Required Calculate depreciation expense for 2018 through 2022 using the double-declining balance method. (Hound your final answers to nearest whole dollar) 2018 2019 2020 2021 Depreciation Expense 2022
